Hillside Professional Center West | 4801 Paoli Pike
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Hillside Professional Center West 4801 Paoli Pike
17,500 SF 100% Leased Office Building Floyds Knobs, IN 47119 £1,643,145 (£94/SF)
Executive Summary
Welcome to Hillside Professional Center. High visibility at the corner of 150 & Paoli Pike. The site is improved with free standing, 2-story, brick veneer over wood frame, medical & general office suites fully leased with 11548 leased space in 14045 sq. ft. total interior. There are 5 long-term tenants & 100% occupancy. Second floor accessed via stairs at front and rear and by elevator. Common area also includes both men and women restrooms. 56 designated parking spaces and plenty of room to add more. Located on 2.45 acres that includes area for future expansion of approx. 1.62 acres. Tenants pay their portions of CAM, Real estate taxes. Real Estate taxes billed separately when due and CAM is included in monthly lease. Also has exterior canopy at front of building for easy drop office. Wired for security system. Owner maintains an office currently of approx. 200 sq. ft. that could be leased additional by new owner. Unique exterior clock tower has clock facing all 4 directions, maintenance free. Parking lot recently resealed. Property lays within the Louisville MSA. This property well outperforms others within the MSA. Elevator certification is up to date. Owner typically pumps septic tanks approx. once every 5 years and has scheduled current cleaning so that new owner will not need to have done for another 5 years. Roof is lifetime warranty corning fiberglass and was installed approx. 8 years ago. Clear span roofing system within lease to add/remove walls easily.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
17,500 SF
Building Class
C
Year Built
1998
Price
£1,643,145
Price Per SF
£94
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
7,023 SF
Building FAR
0.16
Lot Size
2.45 AC
Zoning
Commercial - GC
Parking
56 Spaces (3.99 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
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PROPERTY TAXES
| Parcel Number | 22-04-01-800-048.000-006 | Improvements Assessment | £235,752 |
| Land Assessment | £114,707 | Total Assessment | £350,459 |
PROPERTY TAXES
Parcel Number
22-04-01-800-048.000-006
Land Assessment
£114,707
Improvements Assessment
£235,752
Total Assessment
£350,459
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Hillside Professional Center West | 4801 Paoli Pike
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